Demand for digital land already exists in a highly lucrative market, as the non-fungible selling (NFT) data of Metaverse showed last week.
Data from industry accounting platform NonFungible.com shows NFT sales topped $ 300 million last week. Of this number, about a quarter was devoted to the digital land of the Sandbox metaverse.
Over the past week, all of the top 10 NFT metaverse sales across the top five digital groupings of countries have been bidding.
Over the past week, Sandbox sold a total of $ 70.5 million for 4,433 properties, making it the metaverse group that has raised the most money.
Although Decentraland came in second in terms of total sales, the 10 most expensive metaverse NFT sales in the last week ranged from 225,000 MANA ($ 758,250) to 50,000 MANA ($ 220,000), all on virtual worlds based on Ethereum. Decentraland traded for $ 6.6 million out of 399 assets last week.
Meanwhile, over the past seven days, CryptoVoxels have traded 81 assets worth about $ 650,000; Somnium Space was sold for $ 492,000 for 40 assets; And SuperWorld, worth $ 227,600, was sold for 506 assets – all major traders also owned virtual land.
Metaverset is an immersive online virtual reality that uses blockchain and NFT technology to pay for and own goods online. For example, when you make an in-game purchase, you already own the item and can store, trade or sell it.
More than 6,000 traders have sold $ 106 million in the week ending Thursday, according to DappRadar. “There is no doubt that Metaverse territory will be the next big hit in NFT territory,” DappRadar said on his blog at the time. “With record sales and steadily rising prices, NFT Virtual Realms is the best new product in the crypto space.”
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In June, the virtual real estate investment company broke Decentraland’s record for the most expensive digital land plot ever sold after spending $ 913,000 on 259 packages.
On the marketplace, NFT Sandbox and Dentraland took their place as the top two traded groups on the platform last week.